|
||
|
||
| Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|
|||||||||||||||||||||||
| Mortgage Professor about 11th district cofi: | |||||||||||||||||||||||
|
Can the Fully-Indexed Rate on an Adjustable Rate Mortgage Be Biased?
June 5, 2000 ?I am considering two very similar 7% adjustable rate mortgages that adjust the rate every year. The rate on one is tied to the 11th District Cost of Funds Index (COFI) with a 3% margin. The other rate is tied to the one-year Treasury index with a 2% margin ... more... Which Adjustable Rate Mortgage Index Is the Best? February 7, 2000 "Could you tell me which ARM index is best for the borrower, and why?" An ARM's index is used to set the interest rate, subject to any rate caps, after the initial rate period ends. For example, a ... more... |
|||||||||||||||||||||||
11th district cofi related definitions |
|||||||||||||||||||||||
|
Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... Negative Amortization Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... |
|||||||||||||||||||||||
|
More about 11th district cofi College Park Maryland Real Estate Manassas Park Virginia Real Estate Elizabeth City North Carolina Real Estate Roanoke Rapids North Carolina Real Estate Kill Devil Hills North Carolina Real Estate Personal Bankruptcy: Last Option To Legally Stop Bill Collectors Updated Bay Area Real Estate Prices Real Estate Prices in the Bay Area The Five Debt Triggers for Women Before You Buy A House Top 10 Tips
|
|
||||||||||||||||||||||
|
|||||||||||||||||||||||
